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Store Opening Plans Increase in August


August marked the second month in a row when store opening plans announced by U.S. retailers reached a record level, according to the most recent report from RBC Capital Markets.

RBC reports that among the retailers it's tracking new store openings planned for the next 24 months rose by 2,200 from July to August, for a total of 80,116 stores. The number represents an increase of 2.9 percent over July, and an increase of 13.9 percent over store openings planned during the same period last year.

The researchers caution, however, that a significant reason for the spike in new opening plans might have to do with seasonal retailers planning more pop-up locations.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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